Djingov, Gouginski, Kyutchukov & Velichkov > Sofia, Bulgaria > Firm Profile

Djingov, Gouginski, Kyutchukov & Velichkov
10 TSAR OSVOBODITEL BLVD.
1000 SOFIA
Bulgaria

Bulgaria > Banking, finance and capital markets Tier 1

With one of the largest banking and finance teams in the market, Djingov, Gouginski, Kyutchukov & Velichkov advises its roster of both domestic and international clients on the full spectrum of matters in the finance sector, including debt capital markets transactions. Nikolai Gouginski, who heads the project finance and international lending practice groups, jointly leads the team alongside ‘exceptionalGeorgi Tzvetkov, who is noted for his expertise in regulatory mandates and transactional work, and Vessela Stancheva-Mincheva, who also oversees the capital markets and insurance group.

Other key lawyers:

Stephan Kyutchukov

Testimonials

‘DGKV is responsive and provides real-time, practical and commercial solutions rather than simply being “local counsel”. They go above and beyond.’

‘Georgi Tzvetkov is exceptional – he has a strong client focus with a can-do attitude.’

Key clients

Acibadem City Clinic

Alpha Bank A.E.

Alvogen Emerging Markets Holdings Limited

Amylum Bulgaria

AP Investments

Arab Bank (Switzerland) Ltd.

Barclays Capital

Blantyre Capital Limited

Blocks Group

BNP Paribas Factor

Bohemian Financing Zrt (BoFi)

British Arab Commercial Bank

BTC (Black Toro Capital Group)

Bulgarian Development Bank

Bulgarian Real Estate Fund Inc.

Bulsatcom

Burgan Bank A.Ş.

Caterpillar Financial Services

China Eximbank

The Export Import Bank of China (CEXIM)

Citadel Securities Europe Limited (CSEL)

Citibank

Citigroup Global Markets Limited

DEG Invest

Deutsche Bank

DSK Bank

DVB Bank SE

Eleven Fund Cooperatief

EMP Invest Bulgaria

Equinix

Etem Bulgaria

Euroclear SA/NV Brussels

European Bank for Reconstruction and Development (EBRD)

Forex Capital Markets Limited

GetBack Recovery

Goldman Sachs

Gradus – 1

GTC

International Finance Corporation

Intersel Bulgaria

InvestForce

JP Morgan Europe Limited

Karsch Venture Capital

Landmark Holding

LAUNCHub Fund Coöperatief U.A.

MasterCard Europe

Mechel Carbon

Mechel International Holdings

Nuntius Brokerage and Investment Services S.A. – Bulgaria Branch

Niton Group

Portigon and Erste Abwicklungsanstalt

P&S Group

PPF a.s.

Raiffeisenbank Bulgaria

Raiffeisen Bank International

Regional Urban Development Fund

The Black Sea Trade and Development Bank (BSTDB)

The World Bank

TRG Management

UniCredit Bank Austria

Unicredit Bulbank

United Bulgarian Bank

V2 Investment S.à r.l.

Visa Europe Limited

Western Union Financial Services International

Work highlights

  • Advised and assisted the joint lead managers in a €2.5bn sovereign bond issuance by the Republic of Bulgaria.
  • Advised Blocks Group in respect of raising multilayer financing including project finance, corporate bonds and mezzanine finance, with a deal value of €65m.
  • Advised OTP Bank and DSK Bank on financing provided to Ministry Properties for the development of NV Tower, with a deal value of €26m.

Bulgaria > Commercial, corporate and M&A Tier 1

Praised as one of ‘the best teams in the market’, Djingov, Gouginski, Kyutchukov & Velichkov has practice group with ‘partner depth’ and is well-placed to handle the full spectrum of local and cross-border transactions in Bulgaria. The team, which is noted for its expertise in the IT, banking, energy, pharma and real estate sectors, boasts an impressive roster of clients, such as PPF and JP Morgan. Zdravka Ugrinova, who is noted for her expertise in acquisitions, reorganisations and complex corporate mandates, jointly leads the practice alongside Violetta Kunze, who acts for clients in the TMT sector on cross-border transactions.

Testimonials

‘They have a large team and partner depth, possibly the best in the market. They are technically very good, commercial and smart. I found them quite inspiring to work with. They took care of everything and were very detail oriented and persistent.’

Key clients

PPF

JP Morgan

Citigroup Global Markets Europe

CVC Capital Partners Advisory Company

Walt Disney Co.

Sanmina Corporation

Integral Venture Partners

Metric Capital Partners LLP

Magnetic Head Technologies

Internet Corporated Networks

Neveq New Vision 3 Fund KD

Darzalas Capital

Work highlights

  • Advising the joint bookrunners Citigroup Global Markets Europe and JP Morgan on the Bulgarian law aspects of the bond issuance by Bulgarian Energy Holding of €600m 2.45% bonds due 2028.
  • Advised Sanmina Corporation in relation to the acquisition of Osram, a Bulgarian lights and lighting devices manufacturer.
  • Advised PPF on the Bulgarian law aspects of the acquisition of the media and entertainment group Central European Media Enterprises, including BTV media group.

Bulgaria > Dispute resolution Tier 1

Djingov, Gouginski, Kyutchukov & Velichkov ‘has a long-established practice’ and fields one of the largest teams in the market, which leverages its interdisciplinary expertise to handle high-value commercial and administrative disputes, in addition to international arbitration cases. ‘Brilliant litigator’ Angel Ganev leads the practice, as well as the firm’s anti-fraud sub-group, and is noted for his experience in bankruptcy and insolvency matters. The practice counts BMW, Facebook and Gazprom among its impressive roster of clients. Counsel Anton Krustev represents energy-sector clients, while counsel Valentin Bojilov focuses on banking and financial disputes.

Practice head(s):

Angel Ganev

Other key lawyers:

Anton Krustev; Valentin Bojilov; Gergana Monovska

Testimonials

‘Djingov, Gouginski, Kyutchukov & Velichkov’s dispute resolution team has a long-established practice. Members of the team are very efficient, knowledgeable and capable. They give all the time and attention needed for each particular case. I would highly recommend the team for complex litigation matters.’

‘We worked mainly with the partner Angel Ganev who is outstanding lawyer and professional. He was always there when we needed his support and advice. What we like was that the partner was directly involved with our case. Mr. Ganev is a brilliant litigator, very experienced and powerful in the court room. He is a good strategist and is able to predict how the case may develop depending on the moves of the opponent.’

‘In particular, I have worked with Gergana Monovska on several litigation cases both in general courts and commercial arbitration. Gergana is an experienced litigation lawyer who handles thoroughly complex legal matters in court. She takes over all aspects of a case. I appreciated her attention to detail in preparing the cases and supporting materials.’

‘The team is led by partner Angel Ganev. What the team is known for market-leading practice with a track record in disputes involving prominent domestic and international clients, often on cross-border cases. Highly experienced in commercial litigation and international arbitration matters, with further expertise in insolvency and debt collection issues. Particularly active in disputes emanating from the energy and financial services sectors. Also offers expertise in public procurement matters. Increasingly active in advising on white-collar crime cases.’

Key clients

ABB Bulgaria

Acibadem City Clinic EAD

AES-3C Maritza East 1

American University in Bulgaria

Andres Schneider Rechtsanwaelte

Aresgas

ARGE CDM/Fichtner/C&E

Asia Steel & Metal Ltd

A.T. Kearney

Audatex-Magyarorszag

Avia International

Bawag Bank

BCUBE

BMW

Brееze Properties

Bulgarian Mezzanine Partners

Bulsatcom

C3/CustomerContactChannels

Cargill Bulgaria

CarVal Investors

CEZ Elektro Bulgaria

CEZ Razpredelenie Bulgaria

Claes-goran Fridh

ContourGlobal Maritsa East 3

Coutot Roehrig

Deca Trade

Deroni

Dhollandia Bulgaria Ltd

Domain Menada Distribution

ECCIP Holding B.V.

Eurobank Cyprus

Eurotronics

Fabrika za mlechni produkti

Facebook

Family Home Concept SRL

Financial Supervision Commission

Flying Carpet Ltd

Froneri Bulgaria

Galeya

Gazprom Export

Ghelardi E Associati Studio Legale

Global Resource

Glorient Investment Bulgaria

Golden Leaf Tobacco Company Inc.

Haos Invest

HETA Luftfahrzeuge Leasing

Honeywell

Huawei Technologies Bulgaria

Intelpack

Investint SA

Ital Food Industry

ITS

Karanovic & Nikolic

Kenneth Dante Murena

MAN Diesel & Turbo

Marie Brizard Wine & Spirits Distribution Bulgaria

Mechel Carbon

Mechel International Holdings

Medilab

Menada Vineyards

Metro Cash and Carry Bulgaria

Mundipharma

Mundus Services

Nantong Yimian Textile Co.

NEPI Investment Management SRL

Oman Investment Fund

Philipex Trading

Punto Fa SL – Mango

Q Vent

Queensland Nickel Pty

Red Bull

Rheinland Elektro Maschinen Group Doo

Risoil B.V.

Saipem

Sakar Vineyards

Sandvik Mining and Construction Materials Handling GmbH & Co KG

SAP

SC DEUTEK SA

Seeds Oil Grain

Shanghai Chaori International Trading Co.

Sirio G & V

Solarpro

State General Reserve Fund of Oman

Sumitomo Electric Bordnetze

Swiss Latam

TD Bank Group

Telenor

TeleTech

Tengelmann Warenhandelsgesellschaft KG

Toto Costruzioni Generali

Trade Center Sliven

Trane ČR spol. S R.o.

Turkish Airlines

UniEco

V i K Steneto

V2 Investment S.à r.l.

VIP Security Solutions

Viridian Offices

Visteon Electronics Bulgaria

Vodosnabdyavane i kanalizatsiya Dobrich

Walltopia

Wilmington Trust

Work highlights

  • Consulting and representing American University in Bulgaria in a series of complex court disputes valued at €10m.
  • Provided advice through the public procurement process and negotiating the terms of the operational agreement to Bulgarian Mezzanine Partners, with matter value of €42.8m under management.
  • Representing Trade Center Sliven in a $1.84m arbitration case under the auspices of the Federation of Oils, Seeds, and Fats Associations (FOSFA) against Brumau Comercio de Óleos Vegetals Ltd.

Bulgaria > Energy and natural resources Tier 1

Djingov, Gouginski, Kyutchukov & Velichkov’s energy and utilities practice counts ContourGlobal Maritsa East III, ČEZ and Axpo Trading, among its roster of notable clients, as well as several banks, financial institutions and funds investing in the energy sector. Full-time energy specialists Milan Pandev  and Georgi Goudiniski lead a large team of practitioners. Recommended for pipeline development, power generation and distribution projects, Pandev has notable experience in the power and oil and gas sectors, while Goudiniski focuses on project financing, M&A, privatization and international commercial transactions in this space.

Practice head(s):

Milan Pandev; Georgi Gouginski

Other key lawyers:

Anton Krustev; Yassen Spassov

Testimonials

‘Djingov, Gouginski, Kyutchukov & Velichkov provides highly professional services from experienced lawyers having the expertise and motivation to meet the best criteria for quality of the work. DGKV delivers timely, exhaustive and competent legal advice discussed from different perspectives and observing the highest standards in the area which makes this practice unique.’

‘Milan Pandev is extremely highly-qualified in the field of energy law and corporate law.’

‘Anton Krustev is a recognized expert in the field of energy law.’

Key clients

ContourGlobal Maritza East III

Vitol Gas & Power

CEZ Elektro

Axpo Trading

Shanghai Sensheng Assets Management Centre

Mechel International Holding

Patria Land Oy

Water & Sewerage Company Steneto

Work highlights

  • Advised ContourGlobal Maritza East III as a principal legal counsel on all Bulgarian law matters.
  • Advising Gazprombank in relation to the financing of the EPC contractor awarded the expansion of the gas transmission infrastructure of Bulgartransgaz, parallel to the north gas pipeline to the Bulgarian-Serbian border.
  • Providing transaction structuring advice to Portigon and Erste Abwicklungsanstalt in respect of the Bulgarian law aspects of the transfer of loans secured by collateral in Bulgaria, drafting of transfer agreements for the restructuring of and partial exit from certain loans under four separate financing agreements and an inter-creditor agreement for the long term project financing of a large energy project in Bulgaria.

Bulgaria > EU and competition Tier 1

Djingov, Gouginski, Kyutchukov & Velichkov’s caseload includes the full spectrum of competition and antitrust mandates, including merger control, cartel investigations, and matters concerning restraint of trade and abuse of dominant position. The ‘top-notch’ team counts leading domestic and multinational companies, including TikTok, British American Tobacco and UEFA, among its roster of clients. Nikolai Gouginski, who has extensive experience in representing clients in investigations and proceedings before the Bulgarian Commission on Protection of Competition, jointly leads the practice alongside TMT and corporate partner Violetta Kunze.

Practice head(s):

Nikolai Gouginski; Violetta Kunze

Other key lawyers:

Vladislav Antonov; Dessislava Iordanova

Testimonials

‘Profound knowledge of competition law, extensive experience and swift and high-quality legal advice.’

‘We are very happy with the legal services provided by Vladislav Antonov and Nikolay Gouginski. Nikolay and Vladislav are making a very strong and reliable duo with their extensive expertise in the field of competition law. The team is very responsive, with a strong understanding on the matter and provides quick, high-quality, and business orientated services.’

‘Very deep understanding on the matter with a business orientated approach toward each advice and with a prompt reaction in each and every case.’

‘Top notch legal service, extremely responsive and flexible.’

Key clients

OMV Bulgaria

Nikon Europe B.V.

Tik Tok

Novartis Group

Mayoral Moda Infantil and Mayoral Bulgaria

British American Tobacco Trading

Devnya Cement (Part of the Heidelberg Cement Group)

Blantyre Capital Limited

UEFA

Quadrant Beverages

Work highlights

  • Advising and representing Nikon with respect to an investigation launched by the CPC in January 2018 into an alleged abuse of dominant position and prohibited practices.
  • Advising and representing Mayoral Moda Infantil and its Bulgarian subsidiary in two sets of proceedings against both companies initiated on a complaint by a former commercial partner.
  • Representing OMV Bulgaria in antitrust investigation launched by the CPC in April 2020 against eleven wholesalers and retailers in the fuel sector for alleged abuse of dominant position and coordination among the participants on the fuel markets.

Bulgaria > Healthcare and life sciences Tier 1

Praised as a ‘top-tier practice for healthcare and life sciences’, Djingov, Gouginski, Kyutchukov & Velichkov acts for well-known pharma companies on all aspects of their operations in Bulgaria, from corporate, regulatory and commercial matters to dispute resolution and IP issues. ‘Tenacious’ partner Kalina Tchakarova leads the pharma regulatory practice and has well over two decades of experience advising on advertising and distribution of medicinal products and IP protection, including patent validity and infringement mandates. Recent client gains include Pharmascience and Novartis Pharma Services, among others.

Practice head(s):

Kalina Tchakarova

Other key lawyers:

Testimonials

‘Djingov, Gouginski, Kyutchukov and Velichkov is a top-tier practice for healthcare and life sciences practice. Their team understands a client’s priorities and business and shows determination in finding the most suitable range of solutions. They have a large and resourceful team they can easily deploy if needed, so that even the most complicated matters are dealt with in a timely fashion.’

‘Kalina Tchakarova is a super-reliable and accessible partner with deep market knowledge. She is tenacious, calm, with a fine-tuned commercial sense and an amazing attention to details. You cannot ask for a better healthcare and life sciences lawyer.’

Key clients

Advanced Sterilization Products (ASP)

Pierre Fabre Dermo-Cosmetique

Kyowa Kirin International

CSL Behring

Medison Pharma Trading

Merck Bulgaria

Pharmascience

Swedish Orphan Biovitrim

Novartis Pharma Services Inc.

Astellas Pharma

Work highlights

  • Advising Aspen Europe and its local subsidiary on an ongoing basis, including on general corporate and regulatory matters.
  • Assisted Pharmasciece on ongoing pharmaceutical regulatory matters, related to pricing and reimbursement of generic pharmaceutical products, as well as intellectual property implications in the field.
  • Advising Swedish Orphan Biovitrum in relation to all pharmaceutical matters that the company deals with in Bulgaria, such as the localisation of HCC agreements, corporate matters and pharmaceutical compliance.

Bulgaria > Intellectual property Tier 1

Djingov, Gouginski, Kyutchukov & Velichkov’s IP practice group counts Facebook, Instagram and Carlsberg Breweries, to name a few, among its roster of notable clients. The team handles the full scope of contentious and non-contentious matters, from registration and enforcement of patents, trademarks, designs, geographical indications and copyrights to execution of licensing. Team leader Kalina Tchakarova, who regularly advises clients on strategies to secure enforceable brand protection, has built the practice over 20 years and is supported by senior associates Desislava Iordanova, Kamen Gogov and associate Patricia Cherkezova.

Practice head(s):

Kalina Tchakarova

Other key lawyers:

Dessislava Iordanova; Kamen Gogov; Patricia Cherkezova

Testimonials

‘Djingov, Gouginski, Kytuchukov and Velichkov is a national law firm with a strong foothold in the local Bulgarian market, but with an excellent international network and an outstanding IP team.’

‘We particularly appreciate their quick, extremely competent handling of cases and the trustworthy way in which they deal with our clientele at all times.’

‘One can completely rely on the colleagues at Djingov, Gouginski, Kytuchukov and Velichkov. The firm is a matter of course for us and has been the first point of contact for IP issues in Bulgaria for over ten years.’

‘Partner Kalina Tchakarova and associate Patritsiya Cherkezova are utterly experienced, excellent strategic thinkers and clear advisors who have an outstanding position in the Bulgarian IP market. They react extremely quickly, communicate clearly, handle cases convincingly – and, above all, extremely successfully.’

Key clients

Avia International

Carlsberg Breweries and Carlsberg Bulgaria

Economedia

Eljoy

Facebook

Instagram

MYX

Penetron International

Škoda Auto

Proviotic

Work highlights

  • Representing Facebook, Inc. in trademark enforcement matters.
  • Acting for Instagram regarding an opposition against similar national trademarks.
  • Assisting Economedia with the filing and registration of EUTMs.

Bulgaria > Projects and PPP Tier 1

Praised for its ‘detailed knowledge and deep experience’, Djingov, Gouginski, Kyutchukov & Velichkov's projects development practice advises on the full cycle of infrastructure utilities and transport projects, as well as acting for local governments and financial institutions on both the financing and sponsor side of high-profile concessions and PPP projects. Combining interdisciplinary expertise from across the firm, the team is jointly led by public procurement and energy expert Milan Pandev, head of real estate and construction Stephan Kyutchukov, and Nikolai Gouginski, who focuses on the financing aspects of infrastructure, construction and financial projects.

Practice head(s):

Milan Pandev; Stephan Kyutchukov; Nikolai Gouginski

Other key lawyers:

Anton Krustev

Testimonials

‘Detailed knowledge of legislation and deep experience in the practice. Always available, ready to ask detailed questions and calm in explaining to the customer everything about the subject.’

Key clients

Patria Land Oy

Shanghai Sensheng Assets Management Centre (Limited Partnership)

ERG Insaat Ticaret ve Sanayi AS and SSB Sauerwein & Schaefer Bau AG

ContourGlobal Maritza East III

Medgold Resources

Chariot Motors and Consortium Chariot Motors/Higer Bus Company Limited

Kaliakra

Blocks Group Bulgaria

Bridge Capital

VMware

Work highlights

  • Advising Patria Land Oy in connection with the participation in a tender for acquisition of armoured vehicles and equipment held by the Bulgarian Ministry of Defence.
  • Advising ERG Insaat Ticaret ve Sanayi AS and SSB Sauerwein & Schaefer Bau AG in their capacity of one of the bidders for the Sofia Airport Concession tender.

Bulgaria > Real estate and construction Tier 1

Djingov, Gouginski, Kyutchukov & Velichkov has an impressive portfolio of high-profile real estate transactions and projects, and handles the full scope of matters, including acquisitions, financing, leasing, zoning and construction, among others. A work highlight includes advising oil producer Kaliakra on the sale of its assets, comprising a plant in Dobrich, to Bulgarian manufacturer Oliva. Practice leader Stephan Kyutchukov, whose expertise in real estate mandates is unmatched, is supported by counsel Kaloyan Krumov, who focuses on project financing aspects of property acquisitions.

Practice head(s):

Stephan Kyutchukov

Other key lawyers:

Kaloyan Krumov; Nikolina Stefanova; Maya Mircheva

Testimonials

‘Best in customer service approach, response time, efforts to understand the business and to add value, full scope of services, well prepared team of professionals.’

‘Provided consultancy and support for facility lease contract, drafting and reviewing lease agreement.’

Key clients

Abalta Technologies

AbbVie

Accentive Management Ltd.

Acibadem City Clinic EAD

Agrimatko Bulgaria

Agrotechservice

AP Investments

Auto Kelly a.s.

BDC

Biomachinostroene

Blocks Group Bulgaria

Bridge Capital LLC

BSR Sofia (Edmond De Rothschild Private Equity Management)

Bulgarian Real Estate Fund

Bunge Romania

C.H. Robinson

C3/CustomerContactChannels

CallPoint New Europe (Telus International Europe)

Cargotec Oyj

Corio N.V.

DOHLE Trading Group Holding LLC & Co. LP

EMP Invest Bulgaria (Empower Capital Fund)

ERG Insaat Ticaret ve Sanayi AS

European Parliament

Froneri Bulgaria

Global Resource

GTC

Hilton Hotels

K&K

Kaliakra

Karsch Venture Capital

Kharis Capital Advisory Belgium

Landmark Holding

Lempriere Australia PTY

Lion`s Head Investments

Luben

Michael Kalderon

Mid Europa Partners

NEPI Investment Management

Oman Investment Fund (OIF)

OMV Bulgaria

Optima Befektetesi Alapkezelo Zrt

OTP Bank

P.D. Investments

Pillarstone Europe

PPF

Ramot

S & K Development

Sitel

Soufflet Groupe

Spectrum Brands

Stromunion

Tengelmann Warenhandelsgesellschaft

The Body Shop International

UniCredit Bulbank

Viridian Offices

VMware

Work highlights

  • Advised Kaliakra on the sale of its long-term assets comprising a plant in Dobrich, Bulgaria, to Oliva.
  • Engaged by the European Parliament as an ongoing legal consultant.
  • Advised Acibadem City Clinic EAD on the structuring, due diligence and acquisition of an operating oncology hospital building.

Bulgaria > TMT Tier 1

Djingov, Gouginski, Kyutchukov & Velichkov counts multinational technology companies, platforms and service providers among its noteworthy list of clients, whilst also being praised for its ‘knowledge of the market and network in the Bulgarian telecoms sector’. Together with White & Case LLP as lead international counsel, the team advised the private investment group PPF a.s. on the Bulgarian law aspects of the $2.1bn acquisition of Central European Media Enterprises. ‘Tenacious advocate’ and partner Violetta Kunze leads the practice group, and is supported by senior associate Milka Ivanova.

Practice head(s):

Violetta Kunze

Other key lawyers:

Testimonials

‘Violetta Kunze has deep knowledge of the regulator and industry. She provides practical, business-focused advice and helps effectively execute regulatory strategy. She can cut through complicated regulatory requirements and explain them in a way that enables clients to understand and respond to regulatory risk. She is an excellent and tenacious advocate.’

‘Milka Ivanova is a thoughtful, knowledgeable lawyer with excellent communication skills and a strong understanding of regulatory requirements and their implications for industry.’

‘Very solid and good knowledge of the market and network in the Bulgarian telecoms sector.’

‘Milka Ivanova is a superb lawyer with excellent market knowledge and very solid understanding of our business. She produces smart and efficient legal advice which can be implemented into daily routines right away.’

‘Knowledgeable, practical, responsive, very thoughtful and strategic. A pleasure to work with.’

Key clients

PPF a.s.

Walt Disney Co.

Bulsatcom

Snapshot Games Sofia, Snapshot Games

Google Ireland

Lan Med Nautilus Limited and Mediterranean Nautilus Bulgaria, PCCW Global B.V.

VMware Bulgaria

Magnetic Head Technologies

ARINC Bulgaria

MYX

PCCW Global Inc., LAN MED Nautilus Limited, Fuze B.V.

Eurotronics

Work highlights

  • Advised PPF a.s. on the Bulgarian law aspects of the acquisition of the media and entertainment group Central European Media Enterprises, together with White & Case LLP as lead international counsel.
  • Advised on the Bulgarian law aspects and assisted Walt Disney Co. to implement the global acquisition of the major entertainment assets of 21st Century Fox by Walt Disney Co. in Bulgaria.
  • Advising the sellers on the sale of Bulsatcom, including assistance with due diligence and assistance with the local aspects of the transaction documentation and competition law advice.

Bulgaria > Transport (including shipping) Tier 2

Djingov, Gouginski, Kyutchukov & Velichkov has an impressive client list which includes well-known airlines including Ryanair, Wizz Air and Turkish Airlines, among others. The interdisciplinary practice is well-placed to advise on the life cycle of major infrastructure and transport projects, from corporate, financing, public procurements and real estate to regulatory and dispute resolution. Practice co-leader and M&A partner Zdravka Ugrinova assists transport-sector clients with acquisitions, concessions and other corporate matters, and fellow practice head Milan Pandev focuses on public procurement procedures.

Practice head(s):

Zdravka Ugrinova; Milan Pandev

Key clients

ERG Insaat Ticaret ve Sanayi

Ryanair

Turkish Airlines

Daimler Chrysler

Wizz Air Hungary

ASL Airlines Belgium

MAN SE/MAN Truck & Bus/MAN Truck & Bus Deutschland

Skoda Auto

Cargotec Oyj

Construcciones y Auxiliar de Ferrocarriles (CAF)

The Export Import Bank of China (CEXIM)

Zim Israel Navigation Company

Sojitz Corporation of America

JMAC Air

Karsan Otomotiv Sanayii ve Tic.

Patria Land Oy

Ford Otomotiv Sanayi

Chariot Motors

CK Holdings Co.

ITS Bulgaria

Rail Cargo Austria

Work highlights

  • Advising ERG Insaat Ticaret ve Sanayi and SSB Sauerwein & Schaefer Bau in their capacity as one of the bidders for the Sofia Airport Concession tender process.
  • Represented Turkish Airlines in relation to numerous insurance cargo claims and passenger claims under Regulation (EC) No 261/2004.
  • Represented Bulgarian Employers’ Association Innovative Technologies BRAIT and Automotive Cluster Bulgaria in an appeal before the Supreme Administrative Court of Decision No. 32 of the Council of Ministers for non-recognition of client as representative organisation of the employers at a national level.

The firm: DGKV is one of the largest, oldest, most prominent independent law firms in Bulgaria, known for its solid record of pioneering projects on the Bulgarian market. Founded in 1994, its asset is the unique combination of profound legal knowledge, experience in international transactions and ability to handle large-scale transactions. With 15 partners and over 55 lawyers, DGKV has resources to assemble the right team to address the most complicated matters. Its ever-growing portfolio of over 4,000 multinational clients is a fair attestation of its high-quality legal services.

Areas of practice
M&A: DGKV has a reputation for advising the largest M&A in Bulgaria and significant global transactions in relation to their Bulgarian law aspects. The firm has advised: the biggest M&A deal for 2018 in Bulgaria – the EUR 810m acquisition of the Bulgarian assets of Telenor; the biggest deal in 2017 – the EUR 252.9m acquisition of Paradise Center shopping center in Sofia; CK Holdings Co. Ltd. in relation to the USD 7.1bn sale of Fiat Chrysler’s Magneti Marelli to Japan’s Calsonic Kansei; KKR on the Bulgarian aspects of the acquisition of the margarine and spreads business of Unilever. Other key clients: Equinix, Fairfax Financial Holdings, GTC, Mitsui & Co. Ltd., Call Point New Europe, Dell, etc.

Banking and finance: DGKV focuses on secured transactions, corporate finance, public finance and regulation of financial and investment services. DGKV consulted IFC, AIG, CAIB, MKB and State General Reserve Fund of Oman for the acquisition of shares in major Bulgarian banks; OTP and DSK Bank, the World Bank, EBRD, JBIC, BSTDB, Deutsche Bank, EIB, Procredit Bank, GTC Group on financing of various infrastructure, construction and financial projects in Bulgaria, etc.

Energy and utilities: DGKV provides full-scope legal assistance to clients interested in investing or otherwise engaged in the energy sector in Bulgaria. The firm has advised ABB, AES, the Bulgarian Government, Citibank and US Exim Bank, ContourGlobal, EBRD, GE Power & Water, Marubeni, RWE Power; EZ, Chevron and Lukoil regularly on local operations; Gazprom Marketing & Trading, J.P. Morgan Energy Europe, Merrill Lynch, OMV Trading and Vitol on energy trading matters; China Development Bank, SINOSURE, Credit Suisse, Gamesa, Mitsui&Co, Raiffeisen, Statkraft, Toshiba, Verbund in numerous renewable energy projects; and Gazprom and MOL on gas pipeline projects.

Competition: with a strong competition practice, DGKV has made a significant contribution to the Bulgarian Commission for Protection of Competition. It’s advised Aurubis, Bunge, MasterCard Europe on competition regulatory issues; Aurubis, Metro Cash and Carry, Nokia, KBC, Devnya Cement, Visa Europe, Coca Cola in relation to antitrust investigations by the regulator and other antitrust matters.

Real estate: DGKV has a strong reputation in the real estate market, advising the acquisitions of: the most expensive real estate in Bulgaria – the EUR 252.9m Paradise Center; NIS Petrol and OMV; numerous operating mall acquisitions; land acquisition and construction and/or acquisition of residential, office, retail and mixed-use developments; large-scale commercial real estate financings. Other recent projects include: Equinix on site acquisition for the establishment of its second data centre in Bulgaria and VMware on the largest office lease deal in Bulgaria in the last 10 years.

TMT: DGKV offers a ‘one-stop shop’ for technology companies with operations in Bulgaria. It represents Google on a regular basis in relation to legal issues associated with online services and customers support in Bulgaria; Deutsche Telekom; Facebook LLC; Instagram LLC; Univeral 1440 Entertainment LLC; Telecom Italia; Tata Communications; Swisscom; PCCW Global; VOXBONE; Progress Software, etc.

Litigation and arbitration: with an outstanding dispute resolution track record DGKV’s litigation team is one of the best in Bulgaria. DGKV represents clients in the commercial, construction, financial or administrative fields. Currently it represents Bulgarian Acquisition Company II, CEZ Electro Bulgaria, Financial Supervision Commission, Glorient Investment BG, SE Bordnetze, etc. For the last year the DGKV could boast with an impressive successful track record in major court cases with very high success rate, including commercial and administrative litigation, and international arbitration with total value of more than EUR 737m.

Intellectual property: Google Inc., Facebook Inc., Instagram LLC, Warner Bros., Teva Pharmaceuticals Europe BV (confidential), Carlsberg Bulgaria, Pierre Fabre Dermo-Cosmetique S.A., Deutsche Telekom AG, Tchibo GmbH, Cargill Inc., Marie Brizard Wine and Spirits Distribution Bulgaria EOOD, Guess Inc are among our IP clients.

Labour and social security: DGKV’s employment team excels as one of the few stand-alone employment law practices on the Bulgarian market. Its employment lawyers are heavily involved in providing legal field specific knowledge to clients with a view to optimizing every aspect of their operations in Bulgaria and strives to ensure their specific employment needs are met in an ever-changing business world. Major clients are Yazaki Corporation, Turkish Airlines, Ryanair, Volkswagen, Coca Cola, AES Maritza East I, Takeaway.com, ABB Bulgaria, Grohe Adria, etc.

DepartmentNameEmailTelephone
M&A Zdravka Ugrinova
M&A Violetta Kunze
General corporate Assen Djingov
General corporate Zdravka Ugrinova
Banking and finance Nikolai Gouginski
Banking and finance Georgi Tzvetkov
Energy and utilities Georgi Gouginski
Energy and utilities Milan Pandev
Competition Nikolai Gouginski
Real estate and construction Stephan Kyutchukov
Project finance and capital markets Nikolai Gouginski
Project finance and capital markets Georgi Tzvetkov
TMT Violetta Kunze
TMT Kalina Tchakarova
Intellectual property Kalina Tchakarova
Litigation and arbitration Angel Ganev
Tax Viara Todorova
Labour and social security Kalina Tchakarova
Labour and social security Youliana Naoumova
PhotoNamePositionProfile
Rusalena Angelova photoMs Rusalena AngelovaSenior Associate
Peter Angov photoMr Peter AngovAssociate
Vladislav Antonov photoMr Vladislav AntonovSenior Associate
Silviya Apostolova photoMs Silviya ApostolovaSenior Associate
Galin Atanasoff photoMr Galin AtanasoffSenior Associate
Tsvetelina Bayraktarova photoMs Tsvetelina BayraktarovaSenior Associate
Valery Blagoev photoMr Valery BlagoevAssociate
Valentin Bojilov photoMr Valentin BojilovCounsel
Kamen Gogov photoMr Kamen GogovSenior Associate
Nikolai Gouginski photoMr Nikolai GouginskiPartner, working in the competition law, EU and regulatory, project finance, secured…
Ralitsa Gougleva photoMs Ralitsa GouglevaCounsel
Milka Ivanova photoMs Milka IvanovaSenior Associate
Dessislava Ivanova photoMs Dessislava IvanovaAssociate
Lilia Kisseva photoMs Lilia KissevaSenior Associate
Kaloyan Krumov photoMr Kaloyan KrumovPartner
Anton Krustev photoMr Anton KrustevPartner
Gergana Monovska photoMs Gergana MonovskaCounsel
Youliana Naoumova photoMs Youliana NaoumovaPartner, working in the employment, social security, M&A, JVs, corporate law practice…
Omourtag Petkov photoMr Omourtag PetkovPartner, working in the general corporate law, commercial law, M&A, infrastructure, concessions,…
Ivan Punev photoMr Ivan PunevSenior Associate
Elena Shopova photoMs Elena ShopovaSenior Associate
Kalina Tchakarova photoMs Kalina TchakarovaPartner, working in the IP, labour and social security, corporate, pharmaceutical law,…
Zdravka Ugrinova photoMs Zdravka UgrinovaPartner, working in the M&A, JVs, corporate, private equity and privatisation practice…
Number of lawyers : 55
English
French
German
Russian
Contacts : Assen Djingov
Contacts : Marius Velichkov
Other offices : Berlin